London · Delayed Price · Currency is GBP · Price in GBX Michelmersh Brick Holdings Earnings Call Transcripts
Fiscal Year 2025
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Resilient FY2025 performance with revenue down 1.7% and adjusted operating profit down 16.8% amid challenging UK and Belgian markets. Strong cash flow supported dividends and buybacks, while capital investments and operational flexibility position the business for recovery.
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Revenue rose 1.1% year-over-year, but adjusted EBITDA fell 18.1% due to operational disruptions and cost pressures. The business remains resilient, maintaining a strong balance sheet and dividend, with growth targeted for FY26.
Fiscal Year 2024
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Premium brick manufacturer saw a 9.3% revenue decline year-over-year due to price and dispatch drops, but maintained strong cash generation and a resilient order book. Strategic investments, price increases, and a diversified market approach position the business well for recovery and growth.